If you’re looking for a Tink alternative, you’ll likely want an open banking platform that enables you to:

• Connect with a wide range of banks and financial institutions for open banking payments (or data services).
• Scale your open banking operations with a secure, enterprise-ready API.
• Choose from flexible user interfaces, through either white-label or hosted solutions.

In this guide, we take you through 6 best alternatives for you to choose from. We’ll compare the standout features of each alternative, giving you a clear understanding of what they offer and who they might be best for.

In this article:

• 6 top Tink alternatives compared
• Yapily
• How Yapily helped Kolleno achieve a 20% reduction in payment delays
• Plaid
• Token
• TrueLayer
• Bud
• Salt Edge

Rather talk to an open banking expert about your needs? Get in touch.

6 top Tink alternatives compared

1. Yapily

Good for enterprises in the UK and Europe that want a scalable and flexible open banking infrastructure platform.

Yapily is an open banking infrastructure platform that empowers payment service providers (PSPs), banks, and other financial institutions to unlock the power of open banking for both payments and data.

While other open banking platforms typically offer their clients a branded solution, we’re focused on providing the infrastructure of open banking. We handle all the technical processes—such as connecting to banks and compliance—and ensure your products and services are consistent throughout the entire customer journey.

This way, you can maintain control over your customer experience, allowing you to prioritise building user-friendly solutions without the burden of back-end challenges.

With Yapily, you’ll be able to:

Take advantage of broad coverage in the UK and across major European markets

One of Tink’s strengths is its coverage. So, if you’re looking for an alternative platform, you’ll certainly want coverage to match.

With e Yapily, you’ll get extensive coverage in the UK and across Europe. We have connections with nearly 2,000 banks and financial institutions across 19 countries, including Germany, France, the Netherlands, and the UK.

(Note: coverage does not guarantee service, as it depends on various factors, such as local infrastructure).

Yet all these numbers about coverage often obscure an important consideration—namely, the kinds of connections that an open banking platform enables. For instance, even if they claim high coverage, not all open banking platforms support connections with consumer, corporate, business, and wealth accounts.

At Yapily, we’re the only platform with tested and fixed business account connectivity. This means we can support you in offering services to all your users, regardless of their account type.

For example, our partnership with Crezco enabled them to connect directly to business accounts, empowering SMEs with instant, cost-effective payments. This led to a 27% reduction in debtor days and helped businesses save £1,000 on fees for every 25 invoices. With Yapily, you don’t just get coverage—you get a powerful, scalable solution tailored to support business growth.

Plus, at Yapily, we have some of the most extensive coverage for payments and data, which allows us to offer an unmatched range of services:

• Data: With Yapily Data Plus, you can benefit from data enrichment and categorisation on all account types. Plus, Yapily Validate lets you easily perform customer validation and KYC checks.
• Payments: Payment initiation service, including bulk payments and both sweeping and commercial variable recurring payments (VRP). We’re currently the only platform in the UK that offers commercial VRP.

So, with Yapily, you don’t just get extensive coverage. You also benefit from our deeper connections with financial institutions, allowing you to offer more services to your customers too.

Scale your offering with our enterprise-ready solutions and robust API

At Yapily, our focus has always been on enterprises. That’s why we work so hard to ensure that our API technology is tested, robust, and reliable—no matter the scale at which you’re working.

One particular issue that open banking platforms suffer from is downtime, particularly when working at higher volumes. That’s just not acceptable when your service and reputation rely on this technology.

Our enterprise-specific support starts from the beginning of our engagement. During onboarding, we’ll do rigorous testing for a pain-free and seamless integration.

We’ll support you to meet regulatory requirements, while empowering you to manage your own compliance. To reduce the burden of compliance, we also offer financial institutions the ability to use our PISP and AISP authorisation, so you don’t have to get authorised yourself.

When it comes to supporting enterprises, we’re also well-known in the industry for the reliability of our API. We ensure minimal downtime, even under high volumes, and we regularly test our technology to ensure it’s working at its best. It means that we can support you to expand with minimal disruption too.

Customise your user experience with our white-label and hosted solutions

We mentioned above that we see our role as an infrastructure provider. We’re not here to create applications at the product layer, as you’ll know your customers and products far better than us. Instead, our job is to provide you with the structure and capabilities you need to innovate.

One way we do that is through our white-label solutions. With Yapily, you have the flexibility to build your UI from scratch, so that it matches your brand and fits seamlessly with the rest of your product.

This is true whether you’re using Yapily for payment or data processes. For instance, you can use our data products for identity verification, KYC checks, credit assessments, or to offer personalised financial planning services—and maintain complete control over your UI.

If you have your own PISP or AISP authorisation, our products won’t hold our logo at all. This way, you’ll be able to maintain high levels of customer trust throughout the open banking experience. We find it helps to improve our clients’ conversion rates.

We also have flexible options, depending on your needs. For instance, if you want to get to market quickly, we also offer a fully out-of-the-box hosted solution that provides a pre-built user-friendly interface. It’s still customisable to match your brand but enables you to get started much faster.

Wondering if we can help your business? Contact our experts for pricing details and more information.

How Yapily helped Kolleno achieve a 20% reduction in payment delays

Kolleno is a financial services operation platform that brings together receivables, payments, and reconciliation. It helps businesses better understand their finances and run their operations with less friction, by pulling together data from their accounting systems and CRMs.

Yapily supports Kolleno by providing the opportunity for additional data capabilities and payment options. With open banking, Kolleno can streamline the user experience for its clients.

Specifically, Yapily enables Kolleno to offer a smooth redirect to the customer’s pre-populated banking details. This way, the customer spends less time and effort on payments and has less risk of manual error.

“Once we started the process with Yapily, the customer support we received stood out with dedicated engineering team members answering any questions and addressing any obscure challenges”, said Ron Dananberg, Kolleno’s CTO & co-founder.

Since its partnership with Yapily, Kolleno has improved the experience of its users:

• 45% of Kolleno’s transactions now use open banking
• Payment delays were reduced by 20%
• Kolleno clients saved as much as 5 days on reconciliation monthly.

Read the full case study to find out more.

2. Plaid

Good for US-focused businesses looking for a tool for data aggregation, rather than payments.

Plaid is a well-known platform like Tink that’s particularly strong within the US market. While it does have some presence in Europe, its coverage in the region is not as extensive as other solutions in this list. However, Plaid is a good choice if you’re focusing on the US.

Unlike other tools in this list, it’s focused largely on data services, rather than payments. For instance, it has useful data enrichment tools, which it uses to gather insights into payments and transactions. However, the flipside of this is that it does lack some key payments features, such as bulk payments and cVRP.

Finally, when it comes to customisation, Plaid is a little limited. The company sells its own hosted solution. While this is quite flexible, there’s no white-label solution on offer at all.

3. Token

Good for businesses in Europe seeking support for bulk payments, rather than data services.

Token is an open banking solution currently entirely focused on the European market. It operates in 20 European countries and aims for at least 80% coverage.

In terms of the products it offers, Token’s data services are not as strong as competitors. For instance, it doesn’t offer data enrichment at all. Instead, it performs well for companies looking for open banking payments, as both its bulk payments and sweeping VRP functionalities are strong. Be aware, though, that Token does not offer commercial VRP.

Like Yapily, Token offers both hosted user flows and white-label products. This way, you have the flexibility to customise your own products entirely.

4. TrueLayer

Good for European businesses looking for a payments-focused solution, particularly for VRP.

TrueLayer is another open banking platform that focuses on the European market. Currently, it serves 14 countries across the continent. So far, though, it has no presence in the US.

Its strengths lie in payments. For instance, it offers sweeping VRP, enabling users to make recurring payments of various amounts. However, it doesn’t offer commercial VRP, which allows businesses to automate the setup of variable recurring payments with other businesses, a key capability for businesses looking to streamline payments and automate recurring transactions.

TrueLayer is weaker when it comes to data services. It has only two fields for data enrichment, for example.

TrueLayer also offers both white-label and hosted flows for additional customisation.

5. Bud

Good for companies that prioritise data insights and categorisation over payments functionality.

Bud is a platform that operates primarily in the US and the UK. While it does have a presence in the EU, it only launched there in July 2024, meaning it doesn’t quite have the coverage of other Tink competitors.

As it calls itself a “data intelligence platform”, Bud’s focus is largely on data. It uses an API to collect data on accounts and transactions, then uses machine learning to categorise and aggregate those insights.

In contrast, Bud is weaker when it comes to payments. For instance, it has no VRP or bulk payments functionality.

That said, like other platforms here, it does offer both white-label and hosted solutions.

6. Salt Edge

Good for businesses that need both basic data services and payments functionality, especially those focused on Europe.

Salt Edge is another open banking platform that can be used as an alternative to Tink. It operates in 47 countries, mainly in Europe, but some of these aren’t particularly well served. For instance, in some countries, Salt Edge only has one or two connections with banks.

The platform offers both data and payments services. It has some data enrichment, as well as a range of payment functionality, such as VRP and bulk payments.

Like other platforms, Salt Edge also has both hosted and whitelabel flows.

Speak to Yapily’s open banking experts to find your Tink alternative

In this post, we’ve explored some of the different options available if you’re looking for an alternative to Tink for open banking. Each has its particular strengths, helping them better serve their specific audience’s needs.

If you’re an enterprise in search of an open banking platform that’s strong in both payments and data services, choose Yapily. Get in touch with us to find out more.

Sources

1. https://plaid.com/en-eu/global/

2. https://token.io/coverage

3. https://truelayer.com/reports/buyers-guide/coverage/

4. https://www.thisisbud.com/market-coverage

5. https://www.saltedge.com/products/account_information/coverage

6. https://tink.com/faq/